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How does corporation tax work UK?

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Description

Every company based in the United Kingdom need to pay corporation tax on its earnings, including own service companies such as contractor limited companies. This is calculated and paid annually based on your 'corporation tax accounting term', which is regularly the equivalent as your company's financial year. Explore more information on DNS Accountants
Always stay safe! It is safer when you trade locally, you see the goods before paying. Avoid using payment / transfer methods such as Western Union, this is the same as sending cash to someone. If you do not trade locally use a service such as PayPal, this can offer you some protection, see PayPal.co.uk for terms. If it is a business that you are purchasing from, paying with a credit card can offer you some protection too.
Vidit Agarwal DNS Accountants is an award winning UK based accountancy firm that provides full range of accountancy services, payroll accounting, bookkeeping, self-assessment tax return, year-end accounting service to contractors/freelancer/sole trader and private limited companies across the UK. Posting for 3+ years

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